Aterian, Inc. (ATER) vs Northann Corp. (NCLX)

Aterian, Inc. and Northann Corp. are both Furnishings Fixtures & Appliances companies. Aterian, Inc. is the larger, with a market value of $12.0M against $8.5M — 1.4× the size. Aterian, Inc. grew revenue faster over the last twelve months: 35.0% against 6.58%. Aterian, Inc. has the higher net margin (−24.5% vs −78.9%) and the lower return on invested capital (−112.7% vs −32.5%). Across the 15 metrics below, Aterian, Inc. leads on 9 and Northann Corp. on 6.

Valuation

Metric ATER NCLX Furnishings Fixtures & Appliances median
P/E n/m n/m 14.03
P/S 0.09 n/m 0.52
P/B 0.49 n/m 1.06
Price to free cash flow n/m n/m 9.86
EV/EBITDA n/m n/m 7.67
EV/Sales 0.42 0.27 0.67
Earnings yield (297.01%) 0.00% 3.50%
Free cash flow yield (42.30%) 0.00% 7.55%

Profitability

Metric ATER NCLX Furnishings Fixtures & Appliances median
Gross margin 56.75% 17.80% 37.53%
Operating margin (26.47%) (77.57%) 2.03%
Net margin (24.48%) (78.93%) 1.65%
Free cash flow margin (3.77%) (46.45%) 3.92%
Return on equity (91.31%) (106.81%) 5.51%
Return on assets (48.88%) (50.50%) 1.69%
Return on invested capital (112.68%) (32.54%) 3.55%

Growth

Metric ATER NCLX Furnishings Fixtures & Appliances median
Revenue growth (TTM) 35.00% 6.58% 1.14%
EPS growth (last fiscal year) (42.26%) 39.71% —
Revenue growth, 5-year CAGR (17.97%) — 0.64%
Net income growth, 5-year CAGR 0.00% — 0.00%

Health

Metric ATER NCLX Furnishings Fixtures & Appliances median
Debt to equity 0.00 0.23 0.17
Current ratio 2.13 1.51 1.97
Net debt to EBITDA 0.36 (0.30) 0.06

Dividend

Metric ATER NCLX Furnishings Fixtures & Appliances median
Dividend yield — — 2.20%
Payout ratio 0.00 — 0.09

Size

Metric ATER NCLX Furnishings Fixtures & Appliances median
Market cap 12.04m 8.54m 212.02m

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